WHITEFIELD INDUSTRIALS LIMITED — Net Asset Value 2021

Oct 12, 2021

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NTA and Monthly Snapshot

September 2021

NET TANGIBLE ASSET BACKING

Whitefield advises that its Net Tangible Asset Backing [NTA] at the latest month-end was as follows.

		Prior
NTA [PER ORDINARY SHARE]	30 Sep 2021	Month
NTA (Before Deferred Tax)	$5.80	$5.86
NTA (After Deferred Tax)	$5.21	$5.25

Deferred tax, includes a provision for tax which would be payable if the company disposed of its entire investment portfolio at the relevant month end. However, as a long term investor, the company neither intends nor expects to sell its entire investment portfolio.

OTHER DETAILS

OTHER DETAILS
	30 Sep 2021
Net Tangible Asset Backing (Post Def Tax)	$574.8m
WHF Ordinary Shares on Issue	110,321,833
Convertible Resettable Pref Shares WHFPB	321,386
WHF Share Price	$5.67
Premium (Discount) to Pre Tax NTA	-2.19%
Premium (Discount) to Post Tax NTA	8.82%

PERFORMANCE SUMMARY

INVESTMENT RETURN	1 Qtr	1 Yr	3 Yr	10 Yr
Before Tax Returns (Portfolio return before costs &			tax)
WHF Portfolio	3.95%	31.80%	9.95%	12.57%
S&P/ASX 200 Industrials	4.48%	33.71%	10.04%	12.74%
After Tax Returns (Company return after costs & company tax)
Net Asset Backing (Pre-Def Tax)	3.67%	31.51%	8.83%	12.06%
Net Asset Backing (Post-Def Tax)	4.65%	26.39%	8.40%	10.00%
WHF Share Price	-8.55%	27.97%	10.80%	13.35%

TOP 20 INVESTMENTS

	At 30 Sep 2021	At 30 Sep 2021	%
	CBA	COMMONWEALTH BANK OF AUSTRALIA	10.82%
	CSL	CSL LIMITED	7.67%
	WBC	WESTPAC BANKING CORPORATION	5.39%
	NAB	NATIONAL AUSTRALIA BANK LIMITED	5.36%
	ANZ	ANZ BANKING GROUP LIMITED	4.96%
	WES	WESFARMERS LIMITED	3.98%
	MQG	MACQUARIE GROUP LIMITED	3.25%
	WOW	WOOLWORTHS GROUP LIMITED	3.14%
	TLS	TELSTRA CORPORATION LIMITED	2.73%
	GMG	GOODMAN GROUP	2.39%
	TCL	TRANSURBAN GROUP	2.18%
	APT	AFTERPAY LIMITED	1.78%
	COL ALL	COLES GROUP LIMITED ARISTOCRAT LEISURE LIMITED	1.62% 1.58%
	JHX	JAMES HARDIE INDUSTRIES PLC	1.56%
	SHL	SONIC HEALTHCARE LIMITED	1.45%
	SYD	SYDNEY AIRPORT	1.29%
	QBE	QBE INSURANCE GROUP LIMITED	1.06%
	XRO	XERO LIMITED	0.98%
	SUN	SUNCORP GROUP LIMITED	0.94%
	Cash	CASH & CASH EQUIVALENTS	1.19%

SECTOR BREAKDOWN

	At 30 Sep 2021	%
	Financials	37.53%
	Health Care	12.89%
	Consumer Discretionary	9.91%
	Real Estate	8.02%
	Industrials	7.59%
	Consumer Staples	7.39%
	Communication Services	5.51%
	Information Technology	5.03%
	Materials	3.19%
	Utilities	1.76%
	Cash	1.19%
		100.00%

_Contact Details

Suite 16.01 Level 16, 68 Pitt Street Sydney NSW 2000

Phone +61 2 8215 7900 Email mail@whitefield.com.au

Reliable. Efficient. Consistent.

Whitefield Limited ABN 50 000 012 895

whitefield.com.au